Amend HB 1526 (senate committee printing) in SECTION 1 of the bill, in added Subchapter H, Chapter 212, Local Government Code, as follows:
(1) In Section 212.201 (page 1, between lines 35 and 36), add the following appropriately numbered subdivision and renumber subsequent subdivisions accordingly:
(__) "Floodplain" means an area designated by the appropriate federal governmental authority as having a one percent or greater annual chance of flooding.
(2) Strike Section 212.010(d)(2) (page 4, lines 12-14) and substitute the following:
(2) subtracting from the amount calculated under Subdivision (1) the sum of:
(A) the product of the average land value applicable to the land and the number of acres dedicated that are not in a floodplain; and
(B) the product of 50 percent of the average land value applicable to the land and the number of acres dedicated that are in a floodplain.
(3) Strike Section 212.011(c) (page 4, lines 35-39) and substitute the following:
(c) A municipality shall determine the amount of a fee imposed under Section 212.205(a)(2) for land subject to a plan application by subtracting from the amount of the fee set under Subsection (b) by the sum of:
(1) the product of the land value applicable to the land and the number of acres dedicated that are not in a floodplain; and
(2) the product of 50 percent of the land value applicable to the land and the number of acres dedicated that are in a floodplain.